A very interesting article indeed. Not much new, though. I am curious, though .. many co-founders with very successful exits make the top 0.05% or 0.01% in terms of networth, but they're new money. They're not part of the 0.01% closed circle. What happens to them, usually? Are they accepted into the 0.01% circle once they've made enough money to afford it, or are they treated like a wealthier bottom half of the top 1%?
And for the wealthy people who have pledged 50%+ of their wealth to charity - where do they fall in all this classification?
I don't have any statistics to back up my points but I would think the following would be the case...
With the exception of really tremendous exits, let say a pretty successful cofounder gets between .5 million and 5 million (I'm making these numbers up but Id assume these are pretty reasonable guesses for a majority of moderately successful exits). So if thats the case you have a nice chunk of net worth but after an exit you may not have much cash flow to keep up with the big hitters who have a tremendous stream of cash coming in consistently.
Im certainly not arguing that the co-founder with the successful exit is in a bad position - just that their cash flow may be comparatively low compared to someone else who has an ongoing "money printing machine" so to say.
And for the wealthy people who have pledged 50%+ of their wealth to charity - where do they fall in all this classification?